HINDUSTAN UNILEVER DAILY, took support at 100 sma for 2 times finally broke yesterday.
It took support at 200 sma for 2 times now again sitting at 200 sma with big red candle.
Sign for bearishness.
Yes bank has taken support at 307 4 days back and now seems to be moving upwards. Also have crossed 200DMA today which is strong sign being bullish.
One can add this to profile keeping stop loss as 307 and look for 375 as target which is previous month high.
It has been observed in the chart that NIITTECH given break out at 447.5. volume also picked up and bounce from 200day MA. watch near 440/448 for target 530/580 stop loss below 420.
The stock has broken above the 200 dma and the bear channel by forming a pretty bullish candle. It could be worth entering the stock in small amounts and then perhaps add a little more on the pull back. The stop can be below the 200 dma on closing basis
